CA's Prop 70
From Libertarian Wiki
Initiative Constitutional Amendment and Statute
1046. (SA04RF0005, Amdt. #1-NS). Tribal Gaming Compacts. Exclusive Gaming Rights. Contributions to State. Initiative Constitutional Amendment and Statute.
Proponent: Richard Milanovich, c/o Fredric D. Woocher (310) 576-1233 and Gene Raper (760) 778-7413
Requires Governor to offer renewable 99-year gaming compacts to federally recognized Indian tribes providing: exclusive gaming rights on Indian land; no limits on number of machines, facilities, types of games; contribution to state fund of portion of net tribal gaming income, based on prevailing state corporate tax rate; off-reservation environmental impact reports, public notice/comment opportunities before significant expansion or construction of gaming facilities. Contributions are in lieu of any other fees, taxes or levies. Contributions terminate if state permits non-tribal casino-type gaming. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: This measure would have the following major fiscal effect: Increased state gaming revenues - potentially several hundreds of millions of dollars annually. These revenues could increase significantly over time.
